Better Choice Company Inc. (NYSE:SRXH – Get Free Report) hit a new 52-week low on Wednesday . The company traded as low as $1.17 and last traded at $1.35, with a volume of 10463744 shares changing hands. The stock had previously closed at $1.82.
Better Choice Trading Up 28.4%
The firm has a market capitalization of $24.94 million, a price-to-earnings ratio of -0.12 and a beta of 0.73. The company has a 50-day moving average of $26.08 and a 200-day moving average of $15.22.
Better Choice Company Profile
Better Choice Company Inc is a special purpose acquisition company incorporated in Delaware in August 2020. The company was formed to identify and effect a business combination with one or more established businesses, focusing primarily on the consumer packaged goods sector. Better Choice Company completed its initial public offering in early 2021 and is listed on the Nasdaq under the ticker BTTR.
The company’s stated strategy is to pursue a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination that creates value through scale, brand development and distribution expansion.
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